ChuahIJM Corporation Bhd has clarified that it is not under investigation by the Malaysian Anti-Corruption Commission (MACC), following recent concerns linked to the group. The company confirmed that ongoing investigations are limited to certain individuals and do not involve IJM as a corporate entity.
In a Bursa Malaysia filing, IJM stressed that its operations remain unaffected, with no material impact on its business or governance structure. The group reiterated its commitment to transparency and compliance, noting that none of its subsidiaries are implicated.
The clarification appears to have reassured investors. IJM’s share price closed higher following the announcement, rising five sen, or 2.1%, to RM2.42, with about seven million shares traded.
This marks a shift in sentiment after earlier volatility, when the stock came under pressure amid initial reports of MACC involvement. The latest update helps distinguish between individual investigations and corporate accountability—an important factor for listed companies navigating regulatory scrutiny.
From a market perspective, IJM’s prompt response has helped stabilise confidence, particularly as the group continues to remain active in Malaysia’s construction and property development sectors.
